In June, I posted a chart on Clouflare and since then, saw its price move by almost 50% in just 3 months.
At 313$, Cloudflare upmove looks to have topped out for now and I would expect the prices to reverse back to sub 200 mark.
The Elliot wave strucutre of the bull move looks complete and in the super cycle, we should begin wave 4 correction journey. Divergences and Demark completion across 4D and 1M are a confirmatory signal with long standing upside trendline acting as resistance.
The only confirmation signal lacking to actively intiate short is that the sweep volumes at top are still at average levels and top candles have not shown a high volume sell activity so we might be a couple of days away from a true top yet.
TLDR - Cloudflare has marked its intermediate term top and can give away all gains made from May 2026 onwards.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.